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Mortgages Real Estate

The Latest on Mortgage Interest Rates

While we saw mortgage interest rates drop a bit to begin the last 30 days, they are now back in essentially the same place they were at this point in September 2019. The small recent change will save new borrowers over a $4.50 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.65% as of this week. Last month at this time, they were sitting at 3.73%.

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Home for Sale Luxury Homes Real Estate

Featured Listing – 1155 N Gulfstream Ave #805 in Vue Sarasota Bay

Listed at $2,100,000, this three-bedroom, three-bathroom home boasts 2,400 square feet of luxury. Enjoy stunning views and a walkable lifestyle from this condo where world class dining, shopping, and cultural venues are just steps away.

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Home Buying Home for Sale Home Selling Real Estate

Featured Listing in Lakewood Ranch – 11526 Water Poppy Ter

Listed at $389,000 this four-bedroom, two-bathroom home features 1,870 square feet of living space and a two-car garage. Located in the charming Riverwalk Village, this hidden gem sits on a quiet lot with southern exposure and picturesque lake views. Recently renovated, home has a fresh new look with an updated floor plan, vaulted ceilings, the look of wood flooring, and a clean, neutral palette.

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Real Estate

Single Family Home Update by Price Point

Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends generally give you a good idea of what to expect.

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Real Estate

Luxury Home Market Update

While the luxury single family home markets ($1M+ homes) in both Sarasota and Manatee counties are strong buyer’s markets, they look better for sellers this year than last. The most significant movement for sellers is in Sarasota County. Markets are generally considered in “balance” when there is about six months of inventory for sale at the current pace of home sales. When the inventory gets greater than that, buyers tend to have more leverage than sellers in negotiations.